4XNetwork Broker Review - good to trade with or scam?
General Features, Location and Regulation
Established in 2008, 4networks is an introducing broker for MFX and is located in Belize. The broker is not regulated by any accredited authority body.
Account, Payments and Trading Condition
As most traders, 4xnetworks offers MetaTrader 4 – one of the most popular trading interface available today. MT4 is popular due to its wide variety of pre-build technical analysis, simple navigation and easiness. MetaTrader 4 works with EA and Scalping robots.
You have to install the program on your PC and create an account with username and password. Then you can access either demo or live account.
The platform is equipped with 50+ in-built indicators and charting tools. It is possible to use custom indicators and analyze the market with different time frames varying from minutes to months.
The platform is also available in mobile version and can be assessed from your smart phone or tablet.
The broker reviews its account types suitable for every trader. All accounts support EA, scalping, hedging and any other type of trading strategies.
Forex Micro allows you to enter the real Forex market at the minimum risk. The account is most suitable for beginners and traders who wish to test their strategies. Minimum deposit requirement here is just $1 and leverage is up to 1:1,000. Spreads are fixed and minimum lot size is 0.1.
The broker offers you 87 currency pairs and accounts can be opened in USD or EUR.
ECN accounts offer access to major bank liquidity provider and offer leverage up to 1:200. The quotes are shown with 5 digits after the dot. Spreads are floating and there is 1,8 base currency commission charged.
CFD accounts allow you to trade currency, commodity futures and indices. Minimum lot size is 0.1 and leverage is fixed. Spreads are floating and there are over 102 CFDs on futures and 149 on stocks.
Right now you can take advantage of 100% Bonus for new traders. Promotion is only available for deposits of at least $500.
Minimum deposit requirement is $1. Available payment methods are Bank Wire, Webmoney, Credit Cards, RBKMoney, DIXIPAY, OKPay, IntellectMoney, YandexMoney, Qiwi, EgoPay, FasaPay, UnionPay, PerfectMoney, Neteller.
4xnetworks provides 24/7 support via online chat, phone call or feedback form on the site. The representatives are there to assist you with any question you might have related to trading, your account or MetaTrader 4 platform.